Economics · Macroeconomics

Keynes's Psychological Law of Consumption primarily applies to which type of economic system?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1All of the above
2A free-market or mixed capitalist economy✓
3A decentralized closed barter economy
4A completely socialist economy

Correct answer

A free-market or mixed capitalist economy

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Keynes's Psychological Law of Consumption primarily applies to which type of economic system?

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Keynes's Psychological Law of Consumption primarily applies to which type of economic system?

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